In the first 7 months of 2022, shrimp exports recorded double digits growth in the first 5 months, starting to decrease slightly in June and fell deeper in July. Accumulating 7 months, Vietnam shrimp exports reached 2.65 billion USD, an increase of 22% compared to the same period last year.
The US
Vietnam shrimp exports to the US start to slow down in May, decrease 36% in June and continue to decrease 54% in July. Accumulated in the first 7 months of 2022, Vietnam shrimp exports to the US reached 550 million USD, down 6% compared to the same period in 2021.
The US shrimp imports had slowed down since May 2022 due to the high inventories. Besides, logistics and transportation problems such as port congestion, increased freight rates, and lack of cold storage also led to a decrease in US shrimp imports. The purchasing power of seafood, including shrimp, in the retail segment also decreased.
Inflation in the US makes people spend cautiously. However, in the coming time, the situation will be better when the US job market is recovering . Better income can boost consumer spending on shrimp. Shrimp prices in the US are also expected to be under downward pressure in the second half of 2022.
Vietnam shrimp exports to the US and China showed sign of decreasing in July
China
After recording strong growth in the first 6 months of the year, Vietnam's shrimp exports to China in July decreased 17% to $38 million. In the first 7 months of this year, shrimp exports to this market reached 371 million USD, up 64% over the same period in 2021.
Although China has reopened its economy and loosened regulations related to COVID-19 at seaports, import regulations are still very strict, creating many difficulties for exporters. In the Chinese market, Vietnamese shrimp suppliers also have to compete with suppliers from Ecuador. Ecuador is having a strategy to boost exports to China to compensate for the decrease in exports to the US.
Shrimp exports to the EU market in July still increased by 16% over the same period, thanks to the support from the EVFTA. Exports to Japan and South Korea in July still grew quite steadily by 5% and 22% respectively. Freight to Japan and South Korea are not as high as to Western countries, and inflation in these countries is not too high. These are considered factors that help maintain a stable growth momentum in shrimp exports to these markets.
Compiled by Thuy Linh
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
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(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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